Duke Realty Ratings Raised by Moody’s on Improved Debt Profile

Duke Realty, an industrial and medical office property real-estate trust, was upgraded by Moody’s Investors Service, which cited its improved debt metrics and portfolio of industrial assets as a reason for the decision.

The ratings company raised Duke’s senior unsecured debt ratings to Baa1 from Baa2 and assigned it a stable outlook.

Moody’s also highlighted “stronger operating metrics, along with a well-located portfolio of industrial assets that should continue to benefit from accelerating demand for high-quality industrial product coupled with disciplined supply.”The shares fell 1.4% in early trading on Wednesday morning.

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